Wednesday 31 July 2013

Hi friends,

Today 1 Aug 13, 10:30

Step 1: Market Analysis:

NIFTY      :  UP 50 PTS.
CNX 500  :  UP 30 PTS.
A/D           :   1.5:1

The market analysis shows today is "UP DAY"



Step 2: Chart Analysis

The market gap open after a bounce from yesterday. The previous trend was also down, this may be start of short term up trend.

Conclusion.

Enter long on pullback or retracement.

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